The New Deal

The new deal was a make work Projects The theory behind it was to make money you had to spend itIn this case make jobs by spending money on projects (even if you thought they didn't have any money)Two examples are the Hoover dam (hundred thousand jobs) and the interstate (allowed for trade transport) This helped Kick start to the economy

Alphabet Agencies

The Alphabet Agencies were put in place for different thingsKind of like the new plan

John Maynard Keynes

Up until the 20th century the
economist theory was from Adam SmithJohn came up with a different theory He was a British economistHis theory went against Adam Smith’s theoriesThought Government should spend their way out of the DepressionDeficit financing Thought that make work projects should be of
value to the countryMore money going towards more jobsHe believed in the multiplier effect(the economic will feel the injection of this money to
improve the economy)

Summary

Thanks to John Maynard Keynes theory, The alphabet Agencies and FDR's New Deal the USA started to dig themselves out of the Great Depression.